Damus
fiatjaf · 2w
If you have good and strong headphones you can listen to all my criticisms of Lightning condensed in 1 hour: https://www.youtube.com/watch?v=2PD9UsU_jY4
Five profile picture
You look at Lightning and especially how hard it is to run a node securely and economically and one can realize this is made for industrial grade batched bitcoin transactions.

But it does scale bitcoin in a way, it allows for institutions to cheaply send and receive and this benefit trickles down the value chain: A cheap LSP e.g.
It's like a checking account for tenth the cost of what it is today, and stronger exit guarantees.

However, to truly scale bitcoin to microtransactions, we might not be able to avoid custodians.

Hope ark and spark help this situation but I don't see them solving this problem as cleanly as people would like
1
fiatjaf · 2w
Yes, but to me that means it helps to poison Bitcoin, mostly because the discourse and expectation were not (and still aren't) matching reality. Everybody is still thinking that Bitcoin is scaling to the masses just fine, no one realizes that the situation is dire, so other solutions are not consid...